[www.niftyviews.com:24625] BREXIT and Re-adjustment of Major Global Currencies

2016-06-24 Thread pronod 
Link to the Article - BREXIT and Re-adjustment of Major Global Currencies


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[www.niftyviews.com:24624] Fwd: Black Friday: But Nifty Recovered Quite Smartly After "Brexit" Jitters Amid BOE & RBI Assurances And Closed The Week 1.2% Lower

2016-06-24 Thread Asis Ghosh 




 Forwarded Message 
Subject: 	Black Friday: But Nifty Recovered Quite Smartly After "Brexit" 
Jitters Amid BOE & RBI Assurances And Closed The Week 1.2% Lower

Date:   Fri, 24 Jun 2016 18:23:14 +0530
From:   Asis Ghosh 
Reply-To:   asis...@gmail.com




Nifty Fut (June) made a opening high of 8125 today (gap down by 157 
points) and closed around 8075 after made a low of 7927 amid unexpected 
"Brexit jitters".


*Looking ahead, technically, NF has to sustain above 8105-8145 for an 
immediate target of 8180-8215 and 8295-8335 zone.*


**
*On the flip side, sustaining below 8060-8000 zone, NF may again fall 
towards 7925-7870 & 7780-7710 and 7610-7525 area in the near term.*


The market recovered quite smartly today after EU spot market opened and 
BOE (Bank Of England) Gov Carney's pledge of liquidity support along 
with ECB's & BOJ's renewed commitment of unlimited QQE. Also, ECB 
started fresh round of another LTRO.


Meanwhile, our own RBI Gov (Rajan) who is also termed as "Rock star of 
Dalal Street" also kept his cool about this whole "Brexit" event and 
assured the market for any type of appropriate liquidity support to 
avert the imminent crisis.


Rajan also commented that "Sun does not fall from the sky" as of now for 
this "Brexit" referendum alone & there will be prolonged negotiations 
between UK & various stake holders in the next two years before any 
actual "Brexit".


This is very true as market will keenly watch the developments of any 
"Real Brexit" and I personally doubt, it will really happen at all. 
Eventually, UK will be offered much more better terms & deal to "stay" 
in EU at any cost, because in the scenario of real exit of Britain from 
EU may open a Pandora's box and many more EU countries will be in the 
line for similar referendum of "Leave" or "Remain", which will have a 
catastrophic effect on the whole concept of "EURO" itself and will 
proved to be a "failed idea".


But there will be ample uncertainties during next two years of 
negotiations between UK & EU and market does not like any prolonged 
uncertainty. Subsequently many Indian companies who has considerable 
business & manpower in UK may be also affected to a great extent.


There are also some talk of central bankers intervention in the market 
today (SNB/BOJ) to stabilize the market and G7 central bankers may also 
take some co-ordinated monetary action for an "orderly" market.


Its almost sure that there will be some stability/bounce back of the 
market in the next few days after the initial dust settles, but this 
effect of "Brexit" will be a long one. As UK PM Cameron will step down, 
it may be much more difficult for the new PM to deal with the EU despite 
the fact that resignation of the UK PM by Oct will delay the "Real 
Brexit" as its the new PM will will now do the "next process".


Among all the global markets, India outperformed the others quite 
smartly today as it fall by around 4% against 8-10% for others (at 
lowest point of the day).


Some of the reasons for this out-performance despite fatal combination 
of "Rexit" & "Brexit" may be:


1. Strong DII support unlike the era of 2008; Govt is also getting some 
big FII support too in time of such abnormal situation in the market.


2. Strong domestic consumption story of Indian economy and less reliance 
on export. But, most of the Nifty companies are related to global market 
also.


3. Comparatively less FII flow dependent from EU.

4. Fall in oil & other commodities are helpful for Indian economy.

5. Stable macros for Indian economy.

Going forward, BOE may cut by 0.25% in Aug or before, Fed will postpone 
any Sep'16 hike plan because of this "Brexit" excuse (actually may never 
hike again!), but there will renewed concern about China & US slow down 
and Yuan devaluation.


But despite all the factors, its almost certain that there will be huge 
volatility in the global as well as Indian market in the months ahead 
and as a trader or investor, we should take this volatility as an 
opportunity and as such technical levels might help us quite a lot as 
price discounted everything.


So, stay tuned and have a great weekend








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Thanks & Regards,

Asis Ghosh

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STOCKRESEARCHER@googlegroups.com 


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[www.niftyviews.com:24623] If CNX Nifty 50 doesn't come above 8154 on Monday, it will turn short term bearish. Read the article to find out

2016-06-24 Thread pronod 
Link to the Article - CNX Nifty 50 Short Term Bearish Below 8154


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Kindly email stock reports at 

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Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture.The 
administrator of www.Niftyviews.com just provide a platform for the authors to 
express their opinion and take no guarantee for the genuineness of the 
same."ANY member of this forum doesnt prepare or publish any research report; 
or ii. provide research report; or iii. make 'buy/sell/hold' recommendation; or 
iv. give price target;
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